NEW YORK (AP) — Office Depot and OfficeMax say they have formed a CEO search committee and received a request for more information from the Federal Trade Communication about their planned merger.
The two office-supply chains said in February they planned to combine, but key details, such as the name of the new company, CEO and headquarters, have yet to be determined.
On Tuesday, the companies named the committee that will select the CEO. Both CEOs of the two companies and external candidates will be considered. Another committee will oversee the integration planning process.
The FTC request for more information will extend the antitrust waiting period at least 30 days, until the companies have given the agency the information requested.
The deal is expected to close by the end of the calendar year.
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